Cintas Co. (NASDAQ:CTAS) Expected to Post Earnings of $2.32 Per Share

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Equities research analysts expect Cintas Co. (NASDAQ:CTAS) to announce $2.32 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Cintas’ earnings, with estimates ranging from $2.24 to $2.41. Cintas posted earnings per share of $1.35 in the same quarter last year, which suggests a positive year-over-year growth rate of 71.9%. The company is expected to report its next quarterly earnings results on Thursday, July 22nd.

According to Zacks, analysts expect that Cintas will report full year earnings of $10.08 per share for the current financial year, with EPS estimates ranging from $10.01 to $10.16. For the next financial year, analysts forecast that the business will report earnings of $10.22 per share, with EPS estimates ranging from $9.70 to $10.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Cintas.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, March 16th. The business services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.15. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. Cintas had a net margin of 13.90% and a return on equity of 28.02%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 earnings per share.

A number of research firms have recently issued reports on CTAS. William Blair raised shares of Cintas from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 16th. Morgan Stanley increased their price target on shares of Cintas from $324.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Cintas currently has a consensus rating of “Hold” and an average price target of $329.78.

Shares of NASDAQ CTAS traded up $0.16 during mid-day trading on Tuesday, reaching $350.78. The company had a trading volume of 385,101 shares, compared to its average volume of 435,812. The stock has a fifty day moving average of $346.39 and a two-hundred day moving average of $344.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.70 and a current ratio of 2.06. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 3.53 and a beta of 1.49. Cintas has a 12-month low of $197.13 and a 12-month high of $369.20.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Saturday, May 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $3.00 annualized dividend and a yield of 0.86%. Cintas’s dividend payout ratio (DPR) is presently 36.99%.

A number of hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Cintas in the third quarter worth $441,000. Advisor Partners LLC grew its stake in shares of Cintas by 2.1% in the third quarter. Advisor Partners LLC now owns 2,678 shares of the business services provider’s stock worth $891,000 after acquiring an additional 55 shares during the last quarter. Kathmere Capital Management LLC bought a new position in Cintas in the third quarter worth $671,000. Eudaimonia Partners LLC lifted its position in Cintas by 14.0% in the third quarter. Eudaimonia Partners LLC now owns 1,653 shares of the business services provider’s stock worth $550,000 after purchasing an additional 203 shares during the period. Finally, Townsquare Capital LLC lifted its position in Cintas by 43.1% in the third quarter. Townsquare Capital LLC now owns 5,315 shares of the business services provider’s stock worth $1,759,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 64.08% of the company’s stock.

Cintas Company Profile

Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, All Other, and Corporate. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.

See Also: Special Dividends

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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